Ann: OHD Trials Continue to Excel, page-191

"The biostimulants market is projected to reach USD 2.91 Billion by 2021, at a CAGR of 10.4% from 2016 to 2021. In terms of area of application, the biostimulants market is projected to reach 24.9 Million hectares by 2021, and is projected to grow at a CAGR of 11.7% from 2016 to 2021.
The objectives of the study include the following:

• To define, segment, and project the global market size of biostimulants on the basis of active ingredients, application method, crop type, and region
• To project the size of the market, in terms of value (USD million) and area (thousand hectares)
• To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

The years considered for the study are:

• Base year – 2015
• Estimated year – 2016
• Projected year – 2021
• Forecast period – 2016 to 2021

The research methodology used to estimate and forecast the biostimulants market begins with capturing data on key players, their revenues, and supplier prices on different trading platforms through secondary research. The bottom-up procedure was employed to arrive at the overall market size of the global market after analysing the regional demand".

Ref: Biostimulants Market by Active Ingredient (Humic acids, Fulvic Acids, Seaweed, Microbials, Trace Minerals, Vitamins, and Amino acids), Application Method (Foliar, Soil, and Seed), Crop Type, & by Region - Global Trends & Forecasts to 2021.